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JWEL

Jowell Global Ltd.

JWEL

Jowell Global Ltd. • NASDAQ
$2.37 ▲ 0.42% (+0.01)
Market Cap $5.14 M
52w High $3.48
52w Low $1.47
Dividend Yield 0.21%
P/E -0.65
Volume 6.64K
Outstanding Shares 2.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $47.297M ▼ $4.542M ▼ $-4.235M ▼ -8.954% ▼ $-1.95 ▼ $-2.89M ▲
Q2-2024 $85.684M ▲ $4.81M ▼ $-3.729M ▲ -4.352% ▲ $-1.72 ▲ $-3.08M ▲
Q4-2023 $75.603M ▼ $6.93M ▼ $-4.377M ▲ -5.79% ▲ $-2.04 ▲ $-4.163M ▲
Q2-2023 $84.406M ▼ $7.231M ▲ $-7.09M ▼ -8.4% ▼ $-3.32 ▼ $-6.318M ▼
Q4-2022 $109.574M $5.859M $-3.501M -3.195% $-0.1 $-2.486M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $2.185M ▲ $25.847M ▼ $8.934M ▼ $16.914M ▼
Q2-2024 $805.344K ▼ $39.024M ▲ $17.881M ▲ $21.163M ▼
Q4-2023 $1.25M ▼ $35.298M ▼ $10.085M ▼ $25.202M ▼
Q2-2023 $1.984M ▼ $41.752M ▼ $12.771M ▼ $28.938M ▼
Q4-2022 $16.718M $71.202M $33.737M $37.432M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-4.235M ▼ $831.196K ▲ $-112.495K ▼ $306.136K ▲ $0 $722.8K ▲
Q2-2024 $-3.729M ▲ $-41.011K ▲ $-11.466K ▼ $-324.136K ▼ $0 ▲ $-50.2K ▲
Q4-2023 $-4.377M ▲ $-3.574M ▲ $3.071M ▲ $-33.516K ▲ $-733.549K ▲ $-3.573M ▲
Q2-2023 $-7.09M ▼ $-9.918M ▼ $-3.113M ▼ $-1.599M ▼ $-14.734M ▼ $-9.935M ▼
Q4-2022 $-3.501M $4.194M $-651.63K $3.614M $6.423M $3.542M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been small and somewhat uneven, with a bump after the IPO and then a softening more recently. Profitability is the main concern: gross profit is very thin, and the company has reported operating losses and net losses in each of the last several years after an early, brief period of profit. Earnings per share have swung sharply, partly influenced by the reverse stock split, but the underlying story is that the business has not yet shown consistent, scalable profitability. Overall, the income statement reflects a company still searching for a sustainable earnings model in a competitive retail environment.

Balance Sheet

Balance Sheet The balance sheet is lean, with a relatively small asset base and limited financial cushion. Cash levels have moved down from earlier years and now appear tight, which can limit flexibility in a fast-moving e‑commerce market. Debt has been modest and has recently disappeared, which lowers financial risk but also suggests the company is operating with constrained resources. Equity remains positive but has edged down as losses accumulate, indicating that the capital base is gradually being eroded. In short, the balance sheet is light and somewhat fragile, though not heavily burdened by borrowings.

Cash Flow

Cash Flow Cash generation has been weak. Operating cash flow has hovered around break-even or slightly negative in most recent years, mirroring the lack of consistent profit. Free cash flow tells the same story because capital spending has been minimal, so there is little evidence yet of the business throwing off surplus cash. The upside of low investment is that cash outlays are controlled, but the downside is that it raises questions about how much is being reinvested for future growth. Overall, cash flow is tight and leaves limited room for error or aggressive expansion without new funding sources.

Competitive Edge

Competitive Edge Jowell operates in an extremely crowded Chinese e‑commerce and specialty retail market, facing powerful platforms and intense price competition. Its main edge is a hybrid online‑to‑offline model built around Juhao Mall, a large network of franchise stores, and a sizeable VIP membership base that can support loyalty and repeat purchases. The focus on health and nutritional products taps into a strong structural trend, which is a positive. However, the company is much smaller than leading rivals, has less brand recognition, and does not yet have the scale advantages enjoyed by major platforms. The competitive position is therefore a mix of interesting differentiation and meaningful scale and execution challenges.

Innovation and R&D

Innovation and R&D The company is leaning heavily on innovation to stand out. Key themes include an AI‑driven push to improve personalization and operations, live‑streaming commerce, and a membership model that ties online and offline experiences together. The partnership to develop biotechnology‑based “Cell‑Tech” skincare and health products adds a more specialized angle, potentially supporting higher-margin, branded offerings if the science and marketing resonate with consumers. Logistics partnerships hint at global ambitions. That said, most of these initiatives are still in early stages, with limited public evidence of material financial impact so far, so there is considerable execution risk and uncertainty around how much value they will ultimately create.

Summary

Jowell Global is a small, niche e‑commerce and specialty retail player that combines online and offline channels and focuses on health, beauty, and wellness products. Strategically, it has some appealing elements: a distinctive membership-based O2O model, a large base of registered members, experimentation with AI and live streaming, and a push into differentiated biotech‑linked products. Financially, however, the picture is cautious: revenue is modest, profitability has been consistently negative in recent years, cash generation is weak, and the balance sheet is light with limited cash buffers. The story is essentially that of an innovative but still unproven business model in a tough market, where future outcomes will depend heavily on successful execution of its AI, product innovation, and international expansion plans against much larger and better‑capitalized competitors.

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